
Fox News is owned by Fox Corporation (NASDAQ: FOXA, FOX), a publicly traded American media company headquartered in New York City. Fox News operates as Fox Corporation's flagship cable news network and primary revenue driver. Fox Corporation is led by Executive Chair and CEO Lachlan Murdoch. For the second quarter of fiscal 2026 (ended December 31, 2025), Fox Corporation reported total revenues of $5.18 billion, with Fox News Channel delivering record advertising and affiliate fee performance.
Parent Company
Founded
1996
Status
Publicly Traded
Headquarters
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Fox News | Fox Corporation | Subsidiary |
Fox News Channel launched on October 7, 1996, in approximately 17 million cable homes, positioned by its founders as a conservative alternative to what Rupert Murdoch and Roger Ailes characterized as a liberal bias in mainstream television news. Murdoch, the Australian-born media mogul who had built News Corporation into a global media empire, provided the financial backing and strategic vision. Ailes, a veteran Republican political consultant who had worked on the presidential campaigns of Richard Nixon, Ronald Reagan, and George H.W. Bush, served as founding chairman and CEO and shaped the network's programming philosophy, talent recruitment, and on-air presentation.
The network's early years were challenging. CNN had a 16-year head start, and MSNBC had launched just weeks before Fox News in July 1996. Fox News was available in far fewer homes than its competitors and struggled to attract viewers in its first years. Ailes responded by investing heavily in opinion programming, particularly in prime time, building shows around strong personalities with explicitly conservative viewpoints. Bill O'Reilly's "The O'Reilly Factor," which launched with the network in 1996, became the anchor of Fox News's prime-time lineup and eventually the highest-rated cable news program in the United States.
Fox News surpassed CNN in the cable news ratings in January 2002, a milestone it has maintained with few interruptions since. The network's coverage of the September 11, 2001 terrorist attacks and the subsequent War on Terror resonated strongly with its audience, and the network's ratings advantage over CNN and MSNBC widened through the 2000s. By the mid-2000s, Fox News was consistently attracting more viewers in prime time than CNN and MSNBC combined, a dominance that reflected both the network's programming effectiveness and the concentration of conservative viewers on a single cable news outlet.
The network's influence on American political discourse grew substantially during the Obama administration (2009 to 2017), when Fox News served as the primary media platform for conservative opposition to the administration's policies. The network's coverage of the Tea Party movement, the Affordable Care Act debate, and other political controversies drove ratings to new highs and cemented Fox News's position as the most influential media outlet in American conservative politics.
Roger Ailes resigned as Fox News chairman and CEO in July 2016 following sexual harassment allegations from multiple women, including former anchor Gretchen Carlson. Ailes died in May 2017. His departure prompted a significant restructuring of Fox News's leadership and talent roster, with Bill O'Reilly also departing in April 2017 following his own harassment settlements. Despite these disruptions, Fox News maintained its ratings leadership, with Tucker Carlson, Sean Hannity, and Laura Ingraham anchoring the prime-time lineup.
In March 2023, Fox News settled a defamation lawsuit brought by Dominion Voting Systems for $787.5 million, the largest known defamation settlement in U.S. media history. The lawsuit arose from Fox News's coverage of the 2020 presidential election, during which the network aired claims that Dominion's voting machines had been manipulated to change votes. Internal communications revealed during the litigation showed that Fox News executives and anchors privately doubted the claims they were broadcasting. Tucker Carlson departed Fox News in April 2023, shortly after the Dominion settlement. Despite this significant legal and reputational event, Fox News's ratings remained strong, and the network continued to lead cable news in viewership through 2024 and 2025.
What does Fox Corporation own?
Fox Corporation owns Fox News Channel, Fox Business Network, the Fox broadcast network, Fox Sports (FS1/FS2), Tubi, Fox Television Stations (28 local stations), and Fox Weather. The company does not own the 20th Century Fox film studio or FX Networks, which were sold to Disney in 2019.
Is Fox Corporation publicly traded?
Yes. Fox Corporation trades on NASDAQ under ticker symbols FOXA (Class A shares, one vote per share) and FOX (Class B shares). The Murdoch family maintains voting control through the Murdoch Family Trust, which holds approximately 39% of voting power.
What is Fox Corporation's annual revenue?
Fox Corporation reported FY2025 (ended June 30, 2025) revenue of $14.92 billion and adjusted EBITDA of $3.71 billion. Revenue is generated through cable network programming (Fox News, Fox Business, FS1/FS2) and television (Fox broadcast network, local stations, Tubi).
Who runs Fox Corporation?
Lachlan Murdoch serves as Executive Chairman and CEO of Fox Corporation. He assumed the role from his father Rupert Murdoch, who retired in September 2023 after more than six decades leading the family's media empire.
What was the Dominion settlement?
In April 2023, Fox Corporation settled a defamation lawsuit filed by Dominion Voting Systems for $787.5 million. Dominion alleged that Fox News knowingly broadcast false claims about Dominion's voting machines following the 2020 presidential election. The settlement was one of the largest defamation settlements in U.S. media history.
What is Tubi?
Tubi is a free ad-supported streaming television (FAST) service acquired by Fox Corporation in 2020 for approximately $440 million. Tubi offers over 200,000 movies and TV episodes at no cost to viewers, generating revenue through advertising. It is the largest FAST service in the United States by viewing hours, with annual revenue exceeding $1 billion.
Fox News operates within Fox Corporation's corporate responsibility framework. Fox Corporation has set goals to reduce Scope 1 and 2 emissions and reports environmental data in its annual CSR reports. The company's 2024 Corporate Social Responsibility Report covers the fiscal year ending June 30, 2024, and includes Scope 1, Scope 2, and Scope 3 greenhouse gas emissions data verified by independent third parties.
Fox News implements energy-efficient technologies in its studio facilities at 1211 Avenue of the Americas in Midtown Manhattan. The network uses LED lighting, advanced HVAC systems, and energy management systems in its production facilities. Fox Corporation's broader sustainability strategy covers environmental impact across media production and distribution.
Fox Corporation publishes annual Political Activities Reports detailing political contributions and lobbying activities. The company maintains a Human Rights Statement committing to respecting human rights across its operations and supply chain. Fox News operates under Fox Corporation's Standards of Business Conduct, which include anti-bribery and anti-corruption policies.
Fox Corporation has not been certified as a B Corporation. The company has not obtained independent environmental certifications for its broadcasting operations. The sustainabilityFlags frontmatter field is empty because no independently verified certifications from the allowed list have been confirmed for the brand. Fox Corporation's sustainability commitments are self-reported in its CSR reports.
Fox News has received limited third-party recognition that can be independently verified. The network's most notable recognition relates to its ratings dominance and individual journalism awards.
Cable News Ratings Leadership: Fox News has been the most-watched cable news network in the United States for over 20 consecutive years, surpassing CNN in January 2002. The network's prime-time programming consistently attracts 3 to 4 million viewers, compared to approximately 1 to 1.5 million for MSNBC and 600,000 to 900,000 for CNN. This ratings dominance has been consistently documented by Nielsen Media Research.
Emmy Awards: Fox News journalists and programs have received Emmy Awards, including regional Emmy Awards for news coverage. The network's breaking news reporting and political coverage have been recognized by the National Academy of Television Arts and Sciences.
Edward R. Murrow Awards: Fox News has received Edward R. Murrow Awards from the Radio Television Digital News Association (RTDNA) for excellence in electronic journalism. These awards recognize outstanding achievement in electronic journalism and are among the most respected awards in broadcast news.
FOX News Media Spotlight Awards: Fox News team members are recognized internally through the annual FOX News Media Spotlight Awards, which honor employees who demonstrate performance beyond expectations. The awards are announced by FOX News Media CEO Suzanne Scott and President and Executive Editor Jay Wallace.
Fox News has faced several controversies and legal challenges throughout its history, particularly related to election coverage, defamation lawsuits, sexual harassment scandals, and editorial practices.
Dominion Voting Systems Settlement (2023): In March 2023, Fox News agreed to pay $787.5 million to Dominion Voting Systems to settle a defamation lawsuit related to false claims about voting machine fraud during the 2020 presidential election. Internal communications revealed during the litigation showed that Fox News executives and anchors privately doubted the claims they were broadcasting. This settlement is the largest known defamation settlement in U.S. media history.
Smartmatic Defamation Lawsuit (Ongoing): Fox News faces a $2.7 billion defamation lawsuit from Smartmatic USA Corp over similar election fraud claims aired on the network. In January 2025, the New York State Supreme Court ruled that Fox Corporation must face the claim. This ongoing legal challenge represents continued financial and reputational exposure related to the network's 2020 election coverage.
Sexual Harassment Scandals (2016-2017): Fox News faced significant sexual harassment scandals in 2016 and 2017. Roger Ailes resigned as chairman and CEO in July 2016 following allegations from multiple women, including former anchor Gretchen Carlson. Bill O'Reilly departed in April 2017 following his own harassment settlements. The network paid millions in settlements and implemented harassment prevention policies and training programs. Ailes died in May 2017.
Tucker Carlson Departure (2023): Tucker Carlson, one of Fox News's highest-rated prime-time hosts, departed the network in April 2023, shortly after the Dominion settlement. His departure was a major programming change for the network, though Fox News maintained its ratings leadership after his exit.
Editorial Independence Concerns: Fox News has faced criticism regarding the separation between news coverage and opinion programming. Critics have raised questions about the relationship between news reporting and conservative commentary on the network. The Dominion lawsuit revelations particularly highlighted tensions between the network's news and opinion divisions.
Election Coverage Accuracy: Fox News has been criticized for the accuracy of its election coverage, particularly regarding false claims about election fraud. The network has implemented fact-checking procedures and editorial review processes in response to the Dominion and Smartmatic lawsuits.
Political Bias Allegations: Fox News consistently faces allegations of political bias and conservative partisanship from media critics and competitors. The network maintains that it provides balanced news coverage while acknowledging its conservative-leaning opinion programming in prime time.
Cord-Cutting Challenges: Fox News faces structural challenges from declining cable subscriptions, which reduces its potential audience base. The network has invested in digital platforms including Fox Nation and the Fox News streaming app to address this trend, but continues to face pressure from changing media consumption habits.
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Warner Bros Discovery | USA | 1980 | Mass market | Global | All-ages | |
| Paramount Global | USA | 1927 | Mass market | United states | All Genders | |
| Nine Entertainment | Australia | 1956 | Mass market | Australia | All-ages | |
| Versant | USA | 1989 | Mass market | United states | All-ages | |
| All Perspectives Ltd | United Kingdom | 2021 | Challenger brand | United kingdom | All Genders | |
| India Today Group | India | 1975 | Mass market | India | All Genders |
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American multinational news-based television channel and flagship property of Warner Bros. Discovery's CNN Worldwide division. WBD announced plans in June 2025 to split into two companies by mid-2026, with CNN to be housed in the "Global Networks" company.
Media EntertainmentOwned by Paramount Skydance Corporation
American commercial broadcast television network and flagship property of Paramount Skydance Corporation, America's most-watched broadcast network.
Media EntertainmentOwned by Nine Entertainment Co.
Australian free-to-air television network owned by Nine Entertainment, providing news, sports, and entertainment programming.
Media EntertainmentOwned by Versant Media Group
American cable business and financial news network owned by Versant Media Group, providing business news and financial analysis. Formerly part of Comcast's NBCUniversal division, CNBC was spun off into Versant in January 2026.
Media EntertainmentOwned by All Perspectives Ltd
British television news channel launched in June 2021, owned by Sir Paul Marshall and Legatum under the holding company All Perspectives Ltd, providing news, current affairs, and opinion programming to UK audiences.
Media EntertainmentOwned by India Today Group
Indian English-language news magazine and multimedia brand published weekly since 1975, owned by the India Today Group and covering politics, current affairs, business, and culture.
Market Positioning: Fox News competes with 6 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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Media EntertainmentOwned by India Today Group
Indian English-language news magazine and multimedia brand published weekly since 1975, owned by the India Today Group and covering politics, current affairs, business, and culture.
India Today is privately owned, unlike Fox News which is under a publicly traded parent company.
Media EntertainmentOwned by Guardian Media Group plc
British national newspaper and digital media company providing news, politics, opinion, culture, and lifestyle content across print and digital platforms.
The Guardian is privately owned, unlike Fox News which is under a publicly traded parent company.
Media EntertainmentOwned by Telegraph Media Group Limited
British national newspaper founded in 1855, owned by Axel Springer since June 30, 2026. Axel Springer acquired Telegraph Media Group for £575 million, ending three years of ownership uncertainty following the Barclay family's debt default.
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Media EntertainmentOwned by InnerSloth
Multiplayer social deduction game developed by InnerSloth, released in 2018, in which players work together to complete tasks while identifying impostors.
Among Us is privately owned, unlike Fox News which is under a publicly traded parent company.
Media EntertainmentOwned by Discovery Zone, Inc.
American indoor entertainment center chain featuring arcade games, climbing walls, and family attractions.
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Media EntertainmentOwned by Epic Games
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